FBUF vs. FYEE ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to Fidelity Yield Enhanced Equity ETF (FYEE)

FBUF

Fidelity Dynamic Buffered Equity ETF

FBUF Description

FBUF seeks capital appreciation by investing in a large-cap equity portfolio of US and foreign stocks while utilizing a defensive options collar strategy. The fund aims to outperform the S&P 500 by picking stocks using a computer-aided, quantitative analysis of historical valuation, growth, and profitability, among other factors. The proprietary process seeks to find the optimal portfolio holdings, overweight stocks with positive characteristics, and manage benchmark relative risks. For the options strategy, the fund typically buys out-of-the-money put options on the S&P 500 Index and simultaneously sells out-of-the-money S&P 500 Index call options. Premium earned from writing calls is intended to offset the cost of buying puts, but this essentially caps the upside returns of the equity portfolio. For a continuous downside hedge, the adviser selects put options through a laddered approach that rolls monthly. The adviser diversifies the written call positions, which are rolled weekly, with different strike prices and expiration dates.

Grade (RS Rating)

Last Trade

$27.42

Average Daily Volume

4,691

Number of Holdings ^*

155

* may have additional holdings in another (foreign) market

FYEE

Fidelity Yield Enhanced Equity ETF

FYEE Description

FYEE is actively managed, investing in equities similar to the S&P 500 and Russell 1000. The fund sells call options for income generation, emphasizing current income and potential capital growth.

Grade (RS Rating)

Last Trade

$27.29

Average Daily Volume

2,329

Number of Holdings ^*

153

* may have additional holdings in another (foreign) market

Performance

Period	FBUF	FYEE
30 Days	1.93%	2.19%
60 Days	4.39%	4.97%
90 Days	5.67%	6.57%
12 Months

153 Overlapping Holdings

Symbol	Grade	Weight in FBUF	Weight in FYEE	Overlap
AAPL	C	7.34%	7.39%	7.34%
ABBV	F	0.91%	0.93%	0.91%
ABT	B	0.63%	0.64%	0.63%
ADBE	C	0.94%	0.94%	0.94%
ADP	A	0.26%	0.26%	0.26%
ALLE	C	0.38%	0.38%	0.38%
ALRM	C	0.34%	0.34%	0.34%
AMAT	F	0.67%	0.68%	0.67%
AME	A	0.09%	0.09%	0.09%
AMGN	F	0.25%	0.25%	0.25%
AMT	C	0.21%	0.21%	0.21%
AMZN	C	3.84%	3.85%	3.84%
ANET	C	0.06%	0.07%	0.06%
ANF	F	0.35%	0.36%	0.35%
AON	A	0.12%	0.13%	0.12%
AVGO	D	1.62%	1.66%	1.62%
AXP	A	0.43%	0.44%	0.43%
BAC	A	1.18%	1.19%	1.18%
BBWI	C	0.16%	0.17%	0.16%
BDX	F	0.58%	0.59%	0.58%
BIIB	F	0.21%	0.21%	0.21%
BK	A	0.12%	0.13%	0.12%
BMY	B	0.74%	0.75%	0.74%
BRK.A	B	2.2%	2.2%	2.2%
C	A	0.72%	0.72%	0.72%
CACI	D	0.17%	0.17%	0.17%
CAH	B	0.31%	0.32%	0.31%
CAT	B	0.53%	0.53%	0.53%
CI	D	0.63%	0.63%	0.63%
CINF	A	0.07%	0.07%	0.07%
CL	D	0.55%	0.55%	0.55%
CLX	A	0.14%	0.14%	0.14%
CMCSA	B	0.84%	0.85%	0.84%
CME	B	0.44%	0.44%	0.44%
CMG	B	0.47%	0.48%	0.47%
COST	A	0.3%	0.31%	0.3%
CRM	B	1.16%	1.17%	1.16%
CRUS	D	0.07%	0.07%	0.07%
CSCO	B	0.8%	0.81%	0.8%
CSX	C	0.49%	0.49%	0.49%
CTAS	B	0.65%	0.66%	0.65%
CVNA	B	0.52%	0.53%	0.52%
CVS	D	0.23%	0.23%	0.23%
CVX	A	0.02%	0.02%	0.02%
DASH	B	0.11%	0.11%	0.11%
DBX	B	0.52%	0.52%	0.52%
DIS	B	0.65%	0.72%	0.65%
DOCU	B	0.09%	0.09%	0.09%
DVN	F	0.52%	0.53%	0.52%
ECL	D	0.63%	0.64%	0.63%
ED	C	0.1%	0.1%	0.1%
EOG	A	0.48%	0.49%	0.48%
EXEL	B	0.43%	0.44%	0.43%
F	C	0.33%	0.33%	0.33%
FTNT	C	0.2%	0.2%	0.2%
GAP	C	0.21%	0.21%	0.21%
GE	D	0.48%	0.48%	0.48%
GEN	B	0.13%	0.13%	0.13%
GILD	C	0.74%	0.75%	0.74%
GL	C	0.13%	0.13%	0.13%
GOOG	C	1.89%	1.9%	1.89%
GOOGL	C	2.04%	2.05%	2.04%
GRMN	B	0.44%	0.4%	0.4%
HD	B	1.32%	1.33%	1.32%
HWM	A	0.38%	0.39%	0.38%
IDXX	F	0.15%	0.15%	0.15%
IGT	F	0.46%	0.46%	0.46%
INCY	C	0.34%	0.34%	0.34%
INTU	B	0.12%	0.12%	0.12%
ITW	B	0.14%	0.15%	0.14%
JNJ	C	0.73%	0.73%	0.73%
JPM	A	1.93%	1.95%	1.93%
KLAC	F	0.61%	0.61%	0.61%
KR	B	0.12%	0.12%	0.12%
LDOS	C	0.31%	0.31%	0.31%
LHX	C	0.21%	0.21%	0.21%
LLY	F	0.76%	0.77%	0.76%
LMT	D	0.71%	0.72%	0.71%
LNW	F	0.16%	0.16%	0.16%
LPLA	A	0.11%	0.12%	0.11%
LRCX	F	0.24%	0.24%	0.24%
LYFT	C	0.08%	0.08%	0.08%
MA	B	1.36%	1.36%	1.36%
MEDP	D	0.28%	0.29%	0.28%
META	D	2.89%	2.9%	2.89%
MGM	D	0.23%	0.24%	0.23%
MMC	B	0.53%	0.53%	0.53%
MMM	D	0.19%	0.19%	0.19%
MRK	D	0.96%	0.96%	0.96%
MSCI	C	0.26%	0.26%	0.26%
MSFT	D	5.66%	5.69%	5.66%
MSI	B	0.43%	0.43%	0.43%
MU	D	0.5%	0.5%	0.5%
NBIX	C	0.06%	0.07%	0.06%
NEE	C	0.82%	0.83%	0.82%
NFLX	A	1.28%	1.29%	1.28%
NOC	D	0.6%	0.6%	0.6%
NOW	A	0.5%	0.49%	0.49%
NRG	B	0.09%	0.09%	0.09%
NSC	B	0.11%	0.11%	0.11%
NUE	C	0.36%	0.36%	0.36%
NVDA	B	7.37%	7.38%	7.37%
ORCL	A	0.04%	0.04%	0.04%
OXY	D	0.15%	0.15%	0.15%
PCAR	B	0.37%	0.38%	0.37%
PEP	F	0.19%	0.19%	0.19%
PFE	F	0.41%	0.42%	0.41%
PG	C	0.8%	0.81%	0.8%
PGR	A	0.67%	0.68%	0.67%
PLTK	B	0.07%	0.12%	0.07%
PM	B	0.94%	0.95%	0.94%
PPG	F	0.34%	0.35%	0.34%
PSA	C	0.17%	0.18%	0.17%
PYPL	B	0.72%	0.72%	0.72%
QCOM	F	0.85%	0.85%	0.85%
QRVO	F	0.06%	0.06%	0.06%
RSG	A	0.23%	0.23%	0.23%
RTX	D	0.28%	0.28%	0.28%
SCHW	B	0.79%	0.79%	0.79%
SEIC	B	0.54%	0.55%	0.54%
SKYW	C	0.31%	0.31%	0.31%
SPG	A	0.44%	0.44%	0.44%
SPGI	C	0.21%	0.22%	0.21%
SQ	A	0.6%	0.6%	0.6%
SSNC	B	0.18%	0.19%	0.18%
SYK	B	0.24%	0.24%	0.24%
T	A	0.71%	0.72%	0.71%
TDC	D	0.35%	0.35%	0.35%
TJX	A	0.72%	0.72%	0.72%
TMO	F	0.38%	0.38%	0.38%
TMUS	B	0.28%	0.29%	0.28%
TNL	A	0.04%	0.04%	0.04%
TOL	B	0.02%	0.02%	0.02%
TPH	D	0.18%	0.19%	0.18%
TROW	B	0.28%	0.28%	0.28%
TRV	B	0.26%	0.26%	0.26%
TSLA	B	1.27%	1.28%	1.27%
TT	A	0.68%	0.68%	0.68%
TWLO	A	0.09%	0.09%	0.09%
TXT	D	0.5%	0.51%	0.5%
UBER	F	0.24%	0.23%	0.23%
UNH	B	0.57%	0.59%	0.57%
UNM	A	0.1%	0.13%	0.1%
UNP	C	0.75%	0.75%	0.75%
UTHR	C	0.04%	0.05%	0.04%
V	A	0.65%	0.65%	0.65%
VEEV	C	0.04%	0.04%	0.04%
WFC	A	0.28%	0.29%	0.28%
WM	B	0.41%	0.43%	0.41%
WMT	A	0.82%	0.82%	0.82%
XOM	B	1.56%	1.57%	1.56%
ZBRA	B	0.52%	0.52%	0.52%
ZM	C	0.53%	0.53%	0.53%

FBUF Overweight 2 Positions Relative to FYEE

	Symbol	Grade	Weight
	VST	A	0.14%
	PEGA	B	0.02%

FBUF Underweight 0 Positions Relative to FYEE

	Symbol	Grade	Weight